The private equity owner of fashion retailer and brand Jaeger is considering a sale of the company according to reports.
Better Capital, which owns Jaeger, is exploring a number of options including a sale but there is no formal sales process as yet, Sky News reported.
The news comes just weeks after Better Capital confirmed the exit of its chief executive, Colin Henry.
Jaeger has pursued a turnaround strategy since 2012 focusing on improving collections and moving towards concept stores. Under Henry, Jaeger stemmed its losses but has reportedly continued to need further capital injections from Better Captial.
Jon Moulton, Better Capital’s founder, orchestrated the takeover of Jaeger in 2012.
Jaeger has 64 standalone stores and its clothes are sold in premium department stores across the UK.
Better Capital and Jaeger both declined to comment.